Kuwaiti fund focused on prime property

Middle East sovereign wealth funds and pension funds will continue to shun all but prime European assets – and the demands they make on fund managers are increasing – according to a director of Wafra Capital Partners, the fund management subsidiary of the Kuwaiti pension fund.
Head of European operations Rachid Ouaïch told the Association of the Luxembourg Fund Industry conference that Middle East institutional investor appetite was “easy to summarise”. “Prime, prime, prime – that’s all they’re looking for in Europe right now.”……………………………………….Full Article: Source